SoftVest, LP, identified as a ten percent owner of Cross Timbers Royalty Trust (NYSE:CRT), expanded its direct position in the trust through two separate purchases conducted on April 7 and April 8, 2026. Together the transactions amounted to $152,439 in aggregate consideration and lifted SoftVests direct holdings to 725,943 units of beneficial interest in the trust.
On April 7, SoftVest acquired 4,585 units of beneficial interest at a weighted average price of $10.49 per unit, with executed prices ranging from $10.48 to $10.50; the total value of that trade was $48,096. The following day, April 8, the firm purchased an additional 10,033 units at a weighted average price of $10.40, with execution prices spanning $10.23 to $10.50, for a reported total of $104,343.
At the time of these filings, shares of Cross Timbers Royalty Trust have risen 45% over the prior six months and were up 34% year-to-date, trading at $10.58 and implying a market capitalization of $63.48 million. The trust is reported to trade at a price-to-earnings ratio of 14.14, while an InvestingPro analysis cited in disclosures indicates the stock is presently considered overvalued compared with its Fair Value estimate.
Corporate ownership disclosures attached to the filing identify SoftVest GP I, LLC as the general partner of SoftVest, LP. Eric L. Oliver is named as the managing member of SoftVest GP I, LLC and, by virtue of those roles, SoftVest GP I, LLC and Mr. Oliver may be deemed to beneficially own the securities held by SoftVest, LP. Mr. Oliver has disclaimed beneficial ownership except to the extent of his pecuniary interest.
The filings do not provide additional commentary on the rationale for the purchases, nor do they include forward-looking statements about the trusts strategy or future transactions. The reported transactions and ownership details are limited to the data recorded for April 7 and April 8, 2026, and the current trading and valuation metrics noted above.
Context note: The details in this report are confined to the specific transactions and ownership disclosures filed for the dates stated; no further claims or projections are offered beyond those items.